CSR, CSV and ESG comparison

Question 1

Focus of CSR, CSV and ESG

Answer 1

1. CSR : Ethical and voluntary actions to benefit society and the environment
2. CSV : Aligning business value with societal needs for mutual growth
3. ESG : Measurable criteria for environmental, social and governance performance

Question 2

Key Difference in Approach

Answer 2

CSR : Focus on philanthropy and responsibility
CSV : Emphasizes creating business opportunities through social impact
ESG : Data-driven, investor-focused framework for decision-making

Question 3

Integration into Business

Answer 3

CSR : Separate from core business strategy, voluntary
CSV : Embedded in business strategy to drive profits and societal benefits
ESG : Integrated into operations, reporting and risk management for compliance

Question 4

Why are they important?

Answer 4

CSR : Builds goodwill and enhances reputation
CSV : Drives innovation and sustainable growth
ESG : Attracts investors and ensures long-term value creation